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What is the journal entry of payment received from debtor after deducting tds?
Wiki User
∙ 12y ago
By Cash a/c dr. 5000
By Tds receivable a/c dr. 500
To Debtors a/c cr. 5500
Wiki User
∙ 12y ago
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What is the journal entry if the payment has not yet been received but clients were billed?
debit the client account (debtor account) and credit the income account (bill amount)
What is the journal entry for amount received from debtor after sales?
debit cashcredit accounts receivable
What is the Journal Entry for Money Order Received?
No entry for receiving money order it is the journal entry for the purpose of money order that is actually recorded.
State three possible reasons why a debtor's account might have a credit balance?
Overpayment Payment in advance Credit note issued Deposit received
What is the definition for sundry debtor in Tamil?
payment to supplier
What is the journal entry if the payment has not yet been received but clients were billed?
debit the client account (debtor account) and credit the income account (bill amount)
What is the journal entry payment after cutting tds?
Cash / Bank A/c. ------Dr. Tds receivable A/c.-----Dr. To Sundry Debtor A/c.------Cr.
What is the journal entry for amount received from debtor after sales?
debit cashcredit accounts receivable
What is the Journal Entry for Money Order Received?
No entry for receiving money order it is the journal entry for the purpose of money order that is actually recorded.
What is a back payment?
A back payment is an overdue payment from a debtor to a creditor on money owed.
State three possible reasons why a debtor's account might have a credit balance?
Overpayment Payment in advance Credit note issued Deposit received
What is the definition for sundry debtor in Tamil?
payment to supplier
What is the debtor journal entry?
Debit accounts receivableCredit sales revenue
What is the party called responsible for payment an obligation?
The debtor is the party responsible for payment obligation on an account.
How do I get payment on a defaulted personal loan?
foreclose the debtor assets...
Example of an Default of the debtor?
An example of a debtor's default would be failing to make payment as specified in the loan document/contract.
What is payment slip?
A payment slip is a document sent by a creditor to a debtor with all the necessary information filled in in order a payment to take place. The debtor confirms the payment by her/his signature and the sum due to be payed, in case the latter has not been included. Usually the payment slips are in the form of strips of paper, but since some time electronic payment slips exist too. They are sent on the debtor's mobile phone or e-mail and the confirmation of the latter is necessary in order an electronic payment to take place.
